Canara Bank Fixed Deposit Rates: Canara Bank has given a gift to its customers. Canara Bank has revised the interest rates on FDs of less than Rs 2 crore. According to the bank’s website, the new rates have come into effect from June 11, 2024. Canara Bank is offering FDs ranging from 7 days to 10 years
Canara Bank Fixed Deposit Rates: Canara Bank has given a gift to its customers. Canara Bank has revised the interest rates on FDs of less than Rs 2 crore. According to the bank’s website, the new rates have come into effect from June 11, 2024. Canara Bank is offering FDs from 7 days to 10 years. After the revision, Canara Bank is offering 4 percent to 7.25 percent interest on FD to the general public and 4 percent to 7.75 percent to senior citizens.
Canara Bank FD New Rates
Canara Bank is now offering 4% interest rate on deposits maturing between 7 to 45 days and 5.25% interest rate on deposits maturing between 46 to 90 days. Canara Bank is offering 5.50 percent interest rate on deposits maturing in 91 to 179 days and 6.15 percent interest rate on deposits maturing in 180 to 269 days. Here are the rates of callable and non-callable FDs. You can withdraw money prematurely in callable FDs. You cannot withdraw money prematurely in non-callable FDs.
These are the revised interest rates
Canara Bank is offering 6.85% interest rate on FDs maturing in a period of more than one year to less than two years. Now it guarantees an interest rate of 6.85% on FDs maturing in 3 years of two years or more. Canara Bank is now offering 6.80 percent interest on deposits maturing in three years or more but less than five years. FDs maturing in five years or more will get 6.70 percent interest.
| Time Period | General Citizen (Callable) | Senior Citizen (Callable) | General Citizen (Non-callable – Rs 1 crore to Rs 3 crore) | Senior Citizen (Non-callable – Rs 1 crore to Rs 3 crore) | ||||
| Interest Rate (in percentage) | Interest Rate (Yield) | Interest Rate (in percentage) | Interest Rate (in percentage) | Interest Rate (in percentage) | Interest Rate (in percentage) | Interest Rate (in percentage) | Interest Rate (in percentage) | |
7 days to 14 days | 4.00 | 4.06% | 4.00 | 4.06% | NA | NA | NA | NA |
46 days to 90 days | 5.25 | 5.35% | 5.25 | 5.35% | 5.35 | 5.46% | 5.35 | 5.46% |
91 days to 179 days | 5.50 | 5.61% | 5.50 | 5.61% | 5.60 | 5.72% | 5.60 | 5.72% |
180 days to 269 days | 6.15 | 6.29% | 6.65 | 6.82% | 6.25 | 6.40% | 6.75 | 6.92% |
270 days to less than 1 year | 6.40% | 6.75 | 6.92% | 6.35 | 6.50% | 6.85 | 7.03% | |
one year | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
444 days | 7.25 | 7.45% | 7.75 | 7.98% | 7.40 | 7.61% | 7.90 | 8.14% |
More than one year but less than 2 years | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
More than 2 years but less than 3 years | 6.85 | 7.03% | 7.35 | 7.56% | 7.00 | 7.19% | 7.50 | 7.71% |
More than three years but less than 5 years | 6.80 | 6.98% | 7.30 | 7.50% | NA | NA | NA | NA |
More than five years but upto 10 years | 6.70 | 6.87% | 7.20 | 7.40% | NA | NA | NA | NA |
